Small Business Loans for Warm Air Heating and Air-Conditioning Equipment and Supplies

With these small business loans for warm air heating and air-conditioning equipment and supplies, the SBA guarantees the lender that the loan will be repaid. This warm air heating and air-conditioning equipment and supplies loan for $105,250 was given to a Minnesota entrepreneur in 2006.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Eden Prairie, Minnesota was able to borrow $105,250 from Brickwell Community Bank. The SBA made the loan possible by guaranteeing $89,463 of this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: WARM AIR HEATING AND AIR-CONDITIONING EQUIPMENT AND SUPPLIES
EDEN PRAIRIE, MN 55344

SBA Loan Lender

BRICKWELL COMMUNITY BANK
525 COMMONS DR
WOODBURY, MN 55125

This lender issued this loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

423730 - Warm Air Heating and Air-Conditioning Equipment and Supplies

Loan Approval Date

12/19/2006

Loan Approval Gross Amount

$105,250

Loan Approval from the SBA

Of the total $105,250 loan amount, the SBA guaranteed $89,463.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Brickwell Community Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Direct Public Offerings

Where to Get an SBA Loan in Woodbury, Minnesota

Browse All Business Loan Sources for Minnesota